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Nov 21, 2012
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from the bakers union. he basically said, look, you can't negotiate with terrorists, and they were stealing our pension. in retrospect, was there an area where you could have given to keep some of these union members happier? >> well, you know, it's interesting. i think, you know, i came on board in february after the bankruptcy filing to try to get the company out. and i would readily admit, i think there's a lot of bad history here and a lot of places to point the finger for blame. i don't spend a lot of time doing that because that's sort of like bayonetting the dead in the battlefield. if i could look back, i would say i think there were management mistakes. i think there were union mistakes. as a turnaround guy, i think it should have been done prefiling. these parties negotiated all last year and never got anywhere. i think in retrospect, you could always do different things and have a different outcome. >> what was the most costly sort of want on the union side that just couldn't happen from hostess'
from the bakers union. he basically said, look, you can't negotiate with terrorists, and they were stealing our pension. in retrospect, was there an area where you could have given to keep some of these union members happier? >> well, you know, it's interesting. i think, you know, i came on board in february after the bankruptcy filing to try to get the company out. and i would readily admit, i think there's a lot of bad history here and a lot of places to point the finger for blame. i...
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Nov 21, 2012
11/12
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joining us is the bakers union member mike. he worked at a wonder bread factory. also with us is justin wilson, from the center for union facts. good to see you both. thanks for joining us. why wouldn't the head of the union go to the mediation that a judge ordered? >> well, i love the framing of this. like he didn't go for some particular relevant reason. the fact is that they announced that they were going to have mediation, and -- >> but i mean, there was an order and he didn't go. so why didn't he go? >> right. the meeting was in the morning, i believe. you have to get there first. he's always over the country doing stuff. not that it even matters. the fact is that -- >> is there anything more important than this? the company's liquidating now. i know he's all over the country, but is there anything more important than this on this day? >> there are lots of things more important than that mediation meeting, yes. >> oh, okay. >> the fact is you can't negotiate with terrorists. if these people are going to steal our pension, and that's what mediation is for, the
joining us is the bakers union member mike. he worked at a wonder bread factory. also with us is justin wilson, from the center for union facts. good to see you both. thanks for joining us. why wouldn't the head of the union go to the mediation that a judge ordered? >> well, i love the framing of this. like he didn't go for some particular relevant reason. the fact is that they announced that they were going to have mediation, and -- >> but i mean, there was an order and he didn't...
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Nov 19, 2012
11/12
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, the bakers union, let's see, it's called the bakery confectioners, why would they vote no, knowing full well they'd lose their jobs, why would they do that? isn't at that kind of spite? i don't care what happens we're going to stick it to you because you're rotten management? >> i understand what you're saying, i think they felt they had just taken too much. a couple of years-- over the past ten years they've given up 8% in wages, they've given back a lot of things and when the company went into bankruptcy they promised the court they would pour the concessions into reinvesting in the company. 3 c1 they did not do that, instead they gave management lavish raises. stuart: okay. what happens if, i think, that twinky, the brand and the recipe, it almost certainly is going to be sold to somebody else, i mean, they sold 68 million dollars worth of twinkies in 2012. if somebody were to buy that name and recipe, they would make money. my question, you wouldn't expect the buyer to take on the same union workers, would you? >> well, companies in general don't necessarily like to have a unio
, the bakers union, let's see, it's called the bakery confectioners, why would they vote no, knowing full well they'd lose their jobs, why would they do that? isn't at that kind of spite? i don't care what happens we're going to stick it to you because you're rotten management? >> i understand what you're saying, i think they felt they had just taken too much. a couple of years-- over the past ten years they've given up 8% in wages, they've given back a lot of things and when the company...
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Nov 21, 2012
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. >> that was not cooked up by bakers union on strike against hostess. a judge approved request to liquidate assets so unemployment for 18,000 workers. >> shannon: does it mean never again twinkies or wonder bread? >> hostess received lucrative offers to purpose the brand names so twinkies and ho-ho and ding-dongs in my future. i don't know about yours. >> shannon: "hear! hear!" hope lives on. taking heat for taking turkey later in the grapevine. up next, feeling the heat in chicago. two weeks after being re-elected jesse jackson john your makes a huge decision. >> shannon: illinois congressman jesse jackson junior resigned, marking an end to a turbulent year for jackson. the trouble might not be over. mike tobin has the latest from chicago. >> i'd like to associate myself with the concerns -- >> in a letter to house speaker john boehner the former congressman jesse jackson junior prioritizes his health as the reason he is stepping down. he does acknowledge the investigation that dogged him. writing i have made my share of mistakes and aware of the ongoi
. >> that was not cooked up by bakers union on strike against hostess. a judge approved request to liquidate assets so unemployment for 18,000 workers. >> shannon: does it mean never again twinkies or wonder bread? >> hostess received lucrative offers to purpose the brand names so twinkies and ho-ho and ding-dongs in my future. i don't know about yours. >> shannon: "hear! hear!" hope lives on. taking heat for taking turkey later in the grapevine. up next,...
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Nov 21, 2012
11/12
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i am talking about hostess and its bakers union. no, they cannot agree so the company is shutting down. connell: charlie gasparino will be on to talk about what may be one of the biggest insider trading cases all-time. dagen: top of the hour. stocks now and every 15 minutes. nicole petallides. nicole: the profit numbers missed the analyst expectations. farm equipment maker actually reported weaker than expected numbers. some expenses that cut into their earnings. and a stronger dollar also played a factor. they know that was something of an issue. as far as 2013, where did they expect growth? the company expected south america to show the strongest demand in 2013. let's take a look at the dow jones industrial. up 21 points. so far, we still have a winning week on wall street. we will see if this is our winning week. back to you. connell: thank you very much. dagen: there is no way around it. if congress cannot get its act together on the fiscal cliff, taxes for the vast americans will go out. 90% of households in this country will p
i am talking about hostess and its bakers union. no, they cannot agree so the company is shutting down. connell: charlie gasparino will be on to talk about what may be one of the biggest insider trading cases all-time. dagen: top of the hour. stocks now and every 15 minutes. nicole petallides. nicole: the profit numbers missed the analyst expectations. farm equipment maker actually reported weaker than expected numbers. some expenses that cut into their earnings. and a stronger dollar also...
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Nov 21, 2012
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the bakers union, yes. but the big fight really with good wage and cost and death at the company. they will still have to deal with the unions. but have to get some workers. it would be hard to get it ramped up and going as quickly as they could. this is an operation in 22 states, so now we're talking about for thanksgiving, 18,500 people losing their job. 600 bakery stores and the bows. the name of the game is what they could possibly do is hook up with the distributor via wal-mart and get the baked goods through the distribution centers. it is all about distribution, giving the plant up and running again. the breaking news, hostess branded visors saying an acquireacquirer toured the plant yesterday. melissa: is hard to think that they would run it with the unions that very thing that has happened. >> they would have to strong-arm them and say look, you have a job and agree to our terms or you don't. melissa: elizabeth macdonald, thank you very much. as we do every 15 minutes, let's check the market. nicole petallides on the floor of the stock exchange. rating cuts for hewlett-pa
the bakers union, yes. but the big fight really with good wage and cost and death at the company. they will still have to deal with the unions. but have to get some workers. it would be hard to get it ramped up and going as quickly as they could. this is an operation in 22 states, so now we're talking about for thanksgiving, 18,500 people losing their job. 600 bakery stores and the bows. the name of the game is what they could possibly do is hook up with the distributor via wal-mart and get the...
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Nov 17, 2012
11/12
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is that bakers union, bakers dzen comment. we are are not willing >> it is is a sad story. we do have a little fun with it. i am curious though. a lot of talk about twinkies. mini muffins is going to drastically impact my household. >> mini muffins. >> i love mini muffins. >> drake's seinfeld show with coffee cake. so drake's coffee cakes. >> that was a great seinfeld episode. >> i'm laughing. because there is not a historical moment that you too can't work back to a seinfeld episode. >> exactly. >> that's what it is all about. >> snow balls. there is a snow balls reference in a seinfeld reference. devil dogs. finish which one you will be most tearful over. >> donettes. >> mine is devil dogs. i used to have them in my lunch. >> i like the hostess like the fruit pies with the blue berry inside. >> good stuff. meanwhile, serious news happening in the world of fox news alert. you are looking at live pictures from the israeli, gaza border as the middle east crisis intensifies this morning. israel approving the call-up of up to 75,
is that bakers union, bakers dzen comment. we are are not willing >> it is is a sad story. we do have a little fun with it. i am curious though. a lot of talk about twinkies. mini muffins is going to drastically impact my household. >> mini muffins. >> i love mini muffins. >> drake's seinfeld show with coffee cake. so drake's coffee cakes. >> that was a great seinfeld episode. >> i'm laughing. because there is not a historical moment that you too can't work...
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Nov 15, 2012
11/12
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so we're still waiting for the bakers' union to give us a response, but they have said they are tired of taking these draconian cuts. just so you know, year one, 8% pay cut. year two the, 3% increase, year five a 1% increase overall. they take a 4% cut. not great, but as one employee said, at least it's a job. and just so you know, megyn, the twinkies, the ding dongs, the ho-hoes or wonder bread, they might be auctioned off. they wouldn't go away forever, some other company would take away the name, but it doesn't really ring the same, betty crocker ding dongs doesn't have the same kind of flair. megyn: i don't know. i'm so conflicted over this because i tell you, i was just a young child at the time, you know, 9, 10, but i ate a lot of those twinkies. a lot of twinkies. and you should have seen the look on my parents' faces when i got back from my that nana's. she's going to be with us for a long time. >> reporter: picked up a few lbs. megyn: sure did. we're going to talk about these officials on capitol hill, general petraeus testifying tomorrow and president obama on staten island.
so we're still waiting for the bakers' union to give us a response, but they have said they are tired of taking these draconian cuts. just so you know, year one, 8% pay cut. year two the, 3% increase, year five a 1% increase overall. they take a 4% cut. not great, but as one employee said, at least it's a job. and just so you know, megyn, the twinkies, the ding dongs, the ho-hoes or wonder bread, they might be auctioned off. they wouldn't go away forever, some other company would take away the...
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Nov 21, 2012
11/12
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and hostess heads to bankruptcy court unable to reach an agreement with the bakers union. last week the company closed its plans after 42 years. some 18,000 plus people will likely lose their jobs. word of the impending liquidation caused a run on hostess products. another union action that could affect you is planned black friday protests. wal-mart filed a complaint with the national relations boards and picketers are mostly union representatives who are trying to force changes in pressure workers and get unionization where they have failed thus far. the liberal group has sent out hundreds of e-mails encouraging people who have nothing to do with wal-mart stage a protest outside the stores. you know, stores across the country. but the labor board, the agency that is supposed to mediate these disputes, they say that it's not going to make any decision until after thanksgiving. of course, wal-mart will be open on thanksgiving night, which is the beginning of black friday. joining me now is steve hayes and a fox news contributor. he is a senior economic writer for "the wall
and hostess heads to bankruptcy court unable to reach an agreement with the bakers union. last week the company closed its plans after 42 years. some 18,000 plus people will likely lose their jobs. word of the impending liquidation caused a run on hostess products. another union action that could affect you is planned black friday protests. wal-mart filed a complaint with the national relations boards and picketers are mostly union representatives who are trying to force changes in pressure...
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Nov 28, 2012
11/12
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the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee to ensure an orderly winddown. the union is saying it objects the allowing incumbent management to supervise the lick wi addition. have you finished your twinkies? >> no, we're back to saving them now. we need to talk, because i read a piece in the journal today, which gave me a new insight into -- >> the jenkins piece? fantastic piece. >> it's not the bakers. it's the teamsters. it's that distribution system which we heard about. one guy can deliver -- i think you have to deliver of wonder bread, each slice individually, and then it has to be reassem e reassembled by someone different. i mean, we heard that. but maybe it's not the bakers. the distribution system was so antiquated -- >> but they breached the agreement with the teamsters. >> i know. did you see the piece yet? it's not the bakers, it's the teamsters. >> it couldn't have been a better piece. >> the ceo said it was the bakers, though. >> he sort of said it was the battle. the jacket's gone now. i want to see what it looks like. it
the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee to ensure an orderly winddown. the union is saying it objects the allowing incumbent management to supervise the lick wi addition. have you finished your twinkies? >> no, we're back to saving them now. we need to talk, because i read a piece in the journal today, which gave me a new insight into -- >> the jenkins piece? fantastic piece. >> it's not the bakers. it's the teamsters. it's...
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Nov 22, 2012
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. >> reporter: we've heard these sound bites from some of the bakers' union, they represent about 30% of hostess' 18,500 workers. they would not free to those wage and pension benefit cuts. you have to think if they're on unemployment, that's about $300 a week. times that by the typical 79 weeks, that's half a billion that the american taxpayer will be paying for these folks to be on unemployment. gregg: well, i don't know what i'm going to do is i can't stick in a straw and suck out the filling from a twinkie. >> reporter: someone's going to buy them, i wouldn't worry. gregg: thanks very much. employees at wal-mart striking, part of a national campaign aimed at pressuring walmart to pay its workers more money. the peaceful protests spilled inside of certain store locations at times, but employees say their demands are really quite simple. take a listen. >> we deserve more, and i believe walmart should pay us more. >> walmart has the right to make money, but they shouldn't do that in an unjust fashion. they should make sure that their employees are paid fairly and justly and don't liv
. >> reporter: we've heard these sound bites from some of the bakers' union, they represent about 30% of hostess' 18,500 workers. they would not free to those wage and pension benefit cuts. you have to think if they're on unemployment, that's about $300 a week. times that by the typical 79 weeks, that's half a billion that the american taxpayer will be paying for these folks to be on unemployment. gregg: well, i don't know what i'm going to do is i can't stick in a straw and suck out the...
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Nov 19, 2012
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, small union, bakers union, dug in its heels and wouldn't lepton a couple of -- relent on a couple of small negotiating points because they tried to negotiate with them. the twinkie might move to mexico. >> well, it's just ridiculous. it's a shame. the only good thing about it is maybe i'll lose weight because i won't eat twinkies anymore because i like american food. but the fact is that it may move to mexico. it may move someplace else. this was a case of a great brand that was just destroyed and whether it was management or unions or in this case really it was both, but what a shame. here is something that everybody wanted to save, including the people that worked there and they couldn't save it. >> brian: unions are the problem. donald, steve has his lunch and dinner. real quick, the fiscal cliff that we're going to, for a businessman like you who has a passion for politics, how much does it matter that we avoid the fiscal cliff? >> we're at a very fragile time in the economy. we're really -- this economy is the most fragile that i've seen it. the real unemployment numbers, now th
, small union, bakers union, dug in its heels and wouldn't lepton a couple of -- relent on a couple of small negotiating points because they tried to negotiate with them. the twinkie might move to mexico. >> well, it's just ridiculous. it's a shame. the only good thing about it is maybe i'll lose weight because i won't eat twinkies anymore because i like american food. but the fact is that it may move to mexico. it may move someplace else. this was a case of a great brand that was just...